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  Cicero

   5953 W. Cermak Road
   Cicero, IL 60804 • 708.656.5000

   Berwyn

   6940 W. Ogden Avenue
   Berwyn, IL 60402 • 708.222.2300

   La Grange Park
   1921 E. 31st Street
   La Grange Park, IL 60526 • 708.469.3250

 

 

Current Rates
 


 

Savings & CD Rates
Rates Effective as of October 12, 2017.

 
- Savings & CD Rates


- Checking Rates

- Loan Rates

- Special Promotions
     (Please call for most current rates since rates may change without notice)  
 
Type of Account
Minimum
Deposit To
Open Account
Minimum
Balance* To
Earn APY

Interest
Rate

Annual
Percentage
Yield
SAVINGS ACCOUNTS
           
Passbook Savings
$ 100 $20,000 or More 0.10% 0.10%
    $ 1,000 or More 0.05% 0.05%
    Under $1,000 0.03% 0.03%
Statement Savings
------------------Same as Passbook Saving------------------
Christmas Club
$ 10 $ 0 -Same as Passbook Savings-
CERTIFICATES OF DEPOSIT
59 Month CD Special
       
With Checking
$2,500 $2,500 1.59% 1.60%
Without Checking
$2,500 $2,500 1.49% 1.50%
37 Month CD Special
       
With Checking
$2,500 $2,500 1.24% 1.25%
Without Checking
$2,500 $2,500 1.14% 1.15%
25 Month CD Special
       
With Checking
$2,500 $2,500 1.00% 1.00%
Without Checking
$2,500 $2,500 0.90% 0.90%
19 Month CD Special
       
With Checking
$2,500 $2,500 0.85% 0.85%
Without Checking
$2,500 $2,500 0.75% 0.75%
13 Month CD Special
       
With Checking
$2,500 $2,500 0.50% 0.50%
Without Checking
$2,500 $2,500 0.40% 0.40%
7 Month CD Special
       
With Checking
$2,500 $2,500 0.10% 0.10%
Without Checking
$2,500 $2,500 0.07% 0.07%
5 Year CD
$ 500 $ 500 0.60% 0.60%
4 Year CD
$ 500 $ 500 0.50% 0.50%
3 Year CD
$ 500 $ 500 0.40% 0.40%
2 1/2 Year CD
$ 500 $ 500 0.30% 0.30%
2 Year CD
$ 500 $ 500 0.20% 0.20%
1 1/2 Year CD
$ 500 $ 500 0.15% 0.15%
1 Year CD Special -
IRA Only
$ 2,500 $ 2,500 0.75% 0.75%
1 Year CD Special -
IRA Only
$ 50,000 $ 50,000 1.24% 1.25%
1 Year CD
$ 2,500 $ 2,500 0.10% 0.10%
182 Day CD
$ 2,500 $ 2,500 0.05% 0.05%
91 Day CD
$ 2,500 $ 2,500 0.04% 0.04%
31 Day CD
$ 2,500 $ 2,500 0.03% 0.03%
MONTHLY INCOME CDs with Check or Transfer Option
5 Year CD
$10,000 $10,000 0.59% 0.59%
4 Year CD
$10,000 $10,000 0.49% 0.49%
3 Year CD
$10,000 $10,000 0.39% 0.39%
2 1/2 Year CD
$10,000 $10,000 0.29% 0.29%
2 Year CD
$10,000 $10,000 0.19% 0.19%
1 1/2 Year CD
$10,000 $10,000 0.14% 0.14%
1 Year CD
$10,000 $10,000 0.09% 0.09%

*Daily balance is the amount of principal in the account each day. Withdrawals may reduce earnings on account. Penalties for early withdrawals may be imposed. Rates subject to change after account opening.


 
 

Checking Rates
Rates Effective as of October 12, 2017.
(Please call for most current rates since rates may change without notice)

 
Type of Account
Minimum
Deposit To
Open Account
Minimum
Balance* To
Earn APY
Interest Rate Annual
Percentage
Yield
Totally FREE NOW Checking
$ 50 N/A 0.00% 0.00%
Basic NOW Checking
with Interest
$ 200 $ 200
Under $ 200
0.02%
0.00%
0.02%
0.00%
Super NOW Checking
with Interest
$ 2,500 $ 2,500
Under $ 2,500
0.03%
0.00%
0.03%
0.00%
Preferred NOW Checking
with Interest
$ 5,000

$ 50,000
$ 20,000
$5,000
$4,999 and below

0.10%
0.05%
0.03%
0.00%

0.10%
0.05%
0.03%
0.00%

Gold Money Market
$ 2,500 $ 2,500
Under $ 2,500
0.05%
0.00%
0.05%
0.00%
Platinum Money Market
$10,000
$100,000
$ 50,000
$ 10,000
$9,999 and below
0.25%
0.15%
0.10%
0.05%
0.25%
0.15%
0.10%
0.05%

These are variable rate accounts. Rates may change without notice. Fees may reduce earnings on account.

 
 

Loan Rates
Rates Effective as of October 12, 2017.
(Please call for most current rates since rates may change without notice)
 
RESIDENTIAL OWNER-OCCUPIED MORTGAGES (1-4 FAMILY)
Loan Type

Interest Rate

APR* Points Estimated
Payments*
30 Year Fixed Rate

3.750%

3.804%

0

360 pmts./$764.14
20 Year Fixed Rate
3.500%
3.574%

0

240 pmts./$956.93
15 Year Fixed Rate
3.125% 3.220%

0

180 pmts./$1,149.41

10 Year Fixed Rate
3.000%
3.138%

0

120 pmts./$1,593.25  

Rates and APR's may vary depending on Credit Scores, Property Type, and Loan to Value.

All loans subject to credit approval. A discount point may be paid to lower the interest rate. Call for details. Up to 95% financing is available for owner-occupied single family residences.

*Rates, APRs, and payments are based on the following: Loan amount: $165,000, 20% equity, single family residence, purchase and credit score of 740 or above. Higher rates may apply for loan amounts over $424,100.

NON-OWNER OCCUPIED (1-4 Family) INVESTMENT PROPERTY MORTGAGES

The maximum loan-to-value (LTV) available for a non-owner occupied 1-2 family investment property Purchase/No Cash-out refinance is 80% and 3-4 family investment property Purchase/No Cast-out refinance is 75%.

Call 708.656.5000 for current rates and loan terms.

 

 
MULTI-FAMILY (5+ Units) and MIXED USE PROPERTY MORTGAGES

The maximum loan-to-value (LTV) available for a multi-family (5+ units) or mixed use property is 75%. Property must have a positive cash flow. For a mixed use property, the store front permitted usage is limited and must represent less than 50% of the total square footage.

Call 708.656.5000 for current rates and loan terms.

 

HOME EQUITY LOANS

The minimum loan amount is $10,000. The maximum combined loan-to-value (CLTV) available for a home equity loan is 75% provided the property is owner occupied and Central Federal has the first mortgage (or there is no other mortgage).

Call 708.656.5000 for current rates and loan terms.

 

Car Loans

The maximum loan amount is $25,000, and the minimum down payment is 30%.

Call 708.656.5000 for current rates and loan terms.

 

SECURED PERSONAL LOANS
For a personal loan secured by a regular passbook account, the interest rate is 5.00%. For a personal loan secured by a certificate of deposit (CD), the interest rate is 3.00% above the interest rate on the CD.
         
 
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